Cousins Maine Lobster Shark Tank Insights

Cousins Maine Lobster founders pitch their business on Shark Tank, seeking $55,000 for 5% equity. They discuss their business model, valuation, and growth potential. After negotiations, they secure a deal with Barbara Corcoran for 15% equity. The video highlights their success, expanding from one truck to multiple franchises and international presence. It concludes with a message on living one's values.

What was the initial investment amount requested by Cousins Maine Lobster?

• $65,000

• $55,000

• $50,000

• $60,000

How many trucks did Cousins Maine Lobster have at the time of their pitch?

• Four

• Three

• Two

• One

What was the valuation of Cousins Maine Lobster during their pitch?

• $500,000

• $2 million

• $1 million

• $1.1 million

What was the cost of a traditional lobster roll according to the entrepreneurs?

• $5.85

• $8.00

• $7.00

• $6.50

What was the monthly overhead cost per truck mentioned by the entrepreneurs?

• $250,000

• $220,000

• $150,000

• $200,000

What percentage of the company did Barbara Corcoran finally acquire?

• 17%

• 10%

• 12%

• 15%

Which shark offered to invest for 25% of the company?

• Robert Herjavec

• Daymond John

• Kevin O'Leary

• Mark Cuban

How many food trucks did Cousins Maine Lobster have six years after their Shark Tank appearance?

• 15

• 10

• 20

• 29

What was the total sales figure achieved by Cousins Maine Lobster six years after their pitch?

• $100 million

• $20 million

• $50 million

• $10 million

What is the significance of living by one's values according to the video?

• It aligns actions with beliefs, leading to personal satisfaction.

• It ensures financial success.

• It guarantees business growth.

• It helps in marketing strategies.